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EYE Lighting introduces solar PV long-pulse simulation systems - 28 August 2008
Pioneering solar neighborhood struggles to keep up with times - 28 August 2008
Cepalco’s solar plant now serving 900 residential customers - 28 August 2008
AVA Solar completes $104 million equity financing - 28 August 2008
Solar Explosives gets coal mining nod in Chhattisgarh - 28 August 2008
Solar energy will cost the same as power produced by coal, natural gas and nuclear plants in about a decade, a recently released report suggests. By 2025, solar could account for 10 percent of U.S. electricity generation.
Solar prices are falling as the solar industry scales [up]," said Alisa Gravitz, executive director of Co-op America, a nonprofit advocating "green" economic solutions. "For the first time in history, cost-competitive solar power is within the planning horizon of every utility."
The Utility Solar Assessment Study, produced by Co-op America and the Clean Edge research firm, projects that the cost of solar will fall from an average of $5.50 to $7 for a peak watt today to $1.43 to $1.62 per average peak watt by 2025. (A peak watt is the number of watts output when a solar panel is illuminated under test conditions.) At the same time, fuel costs and the capital costs to build traditional power plants will increase.
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